Wachovia Mortgage Loans
Now that Wachovia is making the switch to Wells Fargo due to the merger, we thought we should look at home loans at Wachovia and how they’ve changed. They’ve changed to become fully integrated with Wells Fargo and most current Wachovia mortgages customers should be receiving their information from Wells Fargo now, though the loan terms themselves didn’t change, of course.
The new offers thanks to this merger, though, make home loans at Wachovia different and worth considering now. So we here at Online Banking 411 thought we’d bring you the latest numbers from the Wells Fargo/Wachovia mortgage loans offers.
For a 30-year fixed rate mortgage, current offers are as low as 4.875% (5.065% APR) or 5.00% (5.717% APR) on an FHA. These don’t include Jumbo loans, of course, but those are competitive Wachovia mortgages.
For a 15-year fixed rate mortgage, the low offer is 4.375% (4.7% APR).
For those who prefer or need an adjustable rate mortgage (ARM), 5-year ARM home loans at Wachovia come as low as 3.875% (3.810% APR) or 3.75% (3.342% APR) for FHA ARM loans.
These Wachovia mortgage loans aren’t bad offers at all, now that the Wells Fargo merger is done. Rates for you will vary by geographic area, situation, credit score, and so forth, but these low rates are a good incentive to see what Wachovia mortgages might be offering you.
Consult your financial adviser and a mortgage broker before choosing a loan offer, of course.